a new car worth $27,000 is depreciating in value by $3,000 per year. after how many years will the cars…
a new car worth $27,000 is depreciating in value by $3,000 per year. after how many years will the cars value be $9,000? after years, the cars value will be $9,000.
Answer
Explanation:
Step1: Find the total depreciation amount
The initial value is $27000$ and the final value is $9000$. So the total depreciation is $27000 - 9000=18000$.
Step2: Calculate the number of years
Since the car depreciates by $3000$ per year, and the total depreciation is $18000$. The number of years $n=\frac{18000}{3000}$. $n = 6$
Answer:
6